Bob Buente South Park BID Emails through 10/2018

Re: Emrani Properties

Subject: Re: Emrani Properties
From: Ellen Riotto <ellen@southpark.la>

Date: 05/19/2017 12:31 AM

To: Tara Devine <tara@devine-strategies.com>

CC: Robert Buente <bbuente@1010dev.org>

Just sent the response to him and CC 1 d you

Ellen Riotto

Interim Executive Director
South Park BID

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

o. 213-663-1112

c. 401-439-8147

24/7: 866-560-9346

Sent from my iPhone

On May 19, 2017, at 12:10 AM, Ellen Riotto < ellen@southpark.la <mailto:ellen@southpark.la>
> wrote:

Thanks Tara

I think be I told Brian he'd receive an answer from
send him the email you just shared w me and Bob. It answers
it. However I don't think they'll be happy to hear it. I'll
Brian (please keep me CC'd) and will let him know that I'll
AM.

you today, it's best that you
the question, as I understand
follow up with your email to
reach out first thing tomorrow

Thanks

Ellen

Ellen Riotto

Interim Executive Director
South Park BID

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

o. 213-663-1112

c. 401-439-8147

24/7: 866-560-9346

Sent from my iPhone

On May 18, 2017, at 11:59 PM, Tara Devine < tara@devine-strateqies.com
<mailto:tara@devine-strategies.com> > wrote:

Ellen: I noticed you connected me to Brian.

I can send him the answer I just sent you/Bob, or you may forward it.
Does my answer accurately reflect their questions/concerns as you

1 of 4

10/19/2018 09:00 AM

Re: Emrani Properties

understand them?

On Thu, May 18, 2017 at 11:54 PM, Tara Devine < tara@devine-strateqies.com
<mailto:tara@devine-strategies.com> > wrote:

Thanks for your patience. The question wasn't explicit, but
here's what I think was implied.

If I understand the question correctly as:

If a property (recorded as residential condos) is operated as
apartments, shouldn't it (or can't it) be assessed like commercial buildings rather than
condominiums?

...then the answer is:

We cannot assess condos as apartments (even if they are operated
as such) because each condo unit is a separate freestanding parcel in the eyes of the
County (and City) with each being levied their own property taxes (and assessments) and
being billed individually, regardless of who owns them. The BIDs Management District Plan
(MDP) and Engineer's report (ER) very clearly establish one rate for residential
condominiums and one rate for commercial buildings (which include apartments.) Once a
property records their residential condo subdivision, we assess the property at the
residential condo rate, and cannot assess it at the commercial (apartment) rate.

A residential condo does not, persay, have a "lot" or "frontage,"
which is why we assess on unit SF alone. And each res condo unit receives an individual
property tax bill (including any assessment.) On the other hand, an apartment building
(i.e. not subdivided) is a single parcel, receiving a single property tax bill (except in
rare instances where the building straddles a parcel line, in which case the bldg SF is
allocated either to one parcel, or among the parcels.) Such a parcel has a "lot" and
"frontage" in addition to its bldg SF - which is why we assess these parcels on a
combination of bldg, lot and frontage.

On Thu, May 18, 2017 at 3:15 PM, Ellen Riotto < ellen@southpark.la
<mailto:ellen@southpark.la> > wrote:

Hi Tara,

The Emrani family owns 3 LLCs in the district:

VENICE INVESTMENTS GROUP LLC
PACKARD COMMERCIAL LLC
HOPE ENTERPRISES LLC

They are being charged at the condo rate, but they operate
their units as apartments. They would like to arrange a call with you today - do you have
availability?

2 of 4

10/19/2018 09:00 AM

Re: Emrani Properties

Thank you in advance,

Ellen

Ellen Riotto

Interim Executive Director

South Park Business Improvement District

1100 S Flower St, Suite #3400, Los Angeles, CA 90015

ellen@southpark.la <mailto:ellen@southpark.la> | o. 213

663 1112 <tel:(213)%20663-1112> | c. 401 439 8147 <tel:(401)%20439-8147>

southpark.la <http://www.southpark.la/> | Facebook
<http://fb.com/SouthParkLosAnqeles> | Twitter <https://twitter.com/southparkla> |
Instagram <https://www.instagram.com/southparkla/>

24/7 DISPATCH: 866-560-9346 <tel:(866)%20560-9346>

— imageOOl.png

— imageOOl.png

S □« y T il A F: K

ill PUl■ "P ll

—Attachments:

3 of 4

10/19/2018 09:00 AM

Re: Emrani Properties

imageOOl.png

imageOOl.png

1.3 KB
1.3 KB

4 of 4

10/19/2018 09:00 AM